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Eridge Road, Groombridge, TN3 - Image 1
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Eridge Road, Groombridge, TN3

South East

£625,000
Listed on 03/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1521 sqft

Description

This semi-detached cottage presents a unique opportunity for renovation, situated in a tranquil rural setting with impressive countryside views to the south. Offered without any forward chain, the property is ideal for investors or buyers looking to modernise and enhance its appeal. The interior layout includes an entrance porch leading into an L-shaped reception room, alongside a kitchen/breakfast area featuring a double drainer sink and pantry. A sunroom adjacent to these spaces showcases delightful vistas, while a convenient cloakroom completes the ground floor. The upper level comprises three spacious double bedrooms, one accessible through a dressing area, along with an existing bathroom and shower cubicle. Outside, two substantial outbuildings – including a garage/workshop equipped with power and light – provide additional potential for workspace or storage. While the current state of the cottage requires updating and modernisation, it offers considerable scope for transformation into a charming home or rental investment in the picturesque village of Groombridge. Local amenities and excellent transport links to Tunbridge Wells and further afield enhance this property's attractiveness.

Investment Analysis

(TN3 area)

Below Market Value

This property is priced -17.0% below area average per sq ft

-17.0%
Potential saving
This Property
£411/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£531
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£828,519
10% above area average per sq ft
Potential ROI
+24.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (TN3)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -16.1%
5 year growth: -8.7%
Investment Disclaimer: Analysis based on TN3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Eridge Road, Groombridge, TN3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,254
Based on a loan of £468,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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